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CEO RC won’t allow RK to challenge the board
$GameStop (GME.US)$ Will RK take the board? He has 17 million shares. It is 5%. He can get a seat.
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STD0825 : no he doesn't have 12 million shares. He has 7 million shares, and some paper that isn't worth dog poop if they drive this below 20
CFZ260803 OP STD0825 : Is this RC’s plan to dump another 75 million shares to tank it?
Ken Griffin Charity : Options are not shares. Even if he had $240m in liquid cash, he’s not going to stupidly exercise his calls and flush the gains lost from fees down the toilet.
STD0825 Ken Griffin Charity : if and I say if.....he sold at 65 it would give him 480m from the 7 million share he had. It is very possible he has the cash to exercise the options......but I just don't see him exercising them.
Ken Griffin Charity STD0825 : What would even be the point of that? Selling shares to exercise calls to get back said shares?
Like I said, this would be the literal definition of flushing money down the drain.
CFZ260803 OP Ken Griffin Charity : He will sell some calls to exercise the rest.